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20121129
20121207
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CNNW 5
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CNN 1
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Search Results 0 to 19 of about 20 (some duplicates have been removed)
CNN
Nov 29, 2012 1:00pm PST
: as the country fast approaches the fiscal cliff, the two sides are talking past each other. democrats say they've laid down their marker hiking tax rates on wealthier americans. and it's up to republicans to propose specific spending cuts they want to entitlement programs. however, republicans say they've offered a concession putting revenue on the table. and they say it's now up to the president and his fellow democrats to feel some pain and propose cuts in medicare and medicaid. confu confusing? we asked senate majority leader harry reid. where's the disconnect? >> i don't understand his brain. so you should ask him, okay. >> from capitol hill to the white house, democrats say the major hurdle remains, the tax issue, whether republicans will agree not just to revenue but to raising tax rates. republicans as you will not be surprised have made clear so far that is a no-go. so what's next? well, a top republican aide told me they look forward to hearing from the white house. a top democratic aide saying, our door is open. read that, wolf, as a standstill. >> they've waited a few weeks before a
CSPAN
Dec 4, 2012 8:00pm EST
have been a policy areas of the fiscal cliff talks. today the alternative minimum tax. hope i said that a. >> guest: something that was passed in the 1960s to animate a small group of high income individuals that were not paying any taxes. it did not have an inflation adjustment, so now the group has grown enormously and we assume in a budgeting sense the way we budget that this revenue will come in. it's not going to comment because if we allow the text if you can look at tens of millions of america. so we fixed it. i would hope in the next year we could have a permanent fix to get it out of the budgetary budget. same thing with what is called sgr, sustainable growth with medicare and medicaid. we patched these things over. let's figure out a way to get it out of the budgeting process so numbers can be something they can project forward realistically. >> host: is this a big deal? >> guest: it is. if we were to not get it then it would be a big deal. we raise taxes on millions of americans overnight. this is one of those things they don't take about because we never let it happen.
FOX News
Nov 29, 2012 8:00am PST
the scenes of the talks to avoid the fiscal cliff. it seems the framework for a deal actually might be taking shape. if so, what will it look like? david drucker has been nosing around a little bit. the associate politics editor at "roll call." when you hear senators and speaker of the house come out and talk it doesn't sound like they're all that close, david. are you optimistic? >> well i'm sort of on the fence here, jon. whenever you hear members of congress talk about any kind of fiscal cliff deal you have to approach it with a sort of believe everything and believe nothing attitude. i think that everybody wants to avoid having taxes go up for all americans as of january 1st but everybody has a price for that. and it, to me, it's about whether or not both sides are looking for a win-win deal, meaning, my opponent wins and i win. or whether both sides or one of the sides are looking for a deal where only i win and you lose and on top of all of that then we have to look at what do they want to include in any sort of deal? are we going to address entitlement reform? are we going to cut spend
MSNBC
Dec 1, 2012 9:00am PST
@alexwit. >>> apparent progress in the so-called fiscal cliff talks. it appears both sides may be digging in their heels. nbc's mike viqueira joins me from the white house with the very latest. if there's anything new to report. seems like everyone is in their own separate corners, mike. >> reporter: it's no longer november. this is december 1st. it's a new month, the last month before we go over the fiscal cliff. now both sides after a lot of bipartisan talk of compromise in that post-election period, alex, it turns out what we have now a typical washington standoff. >> the president of the united states. >> reporter: visiting a toy factory outside philadelphia, the president urged congress to act and avoid the fiscal cliff. if not, he says, taxes go up for everyone, including the middle class. >> it's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: with the election over the president has begun a new kind of campaign, for votes in congress. a series of white house meetings with business leaders, a grassroots effort on twitter, and friday's t
FOX News
Nov 30, 2012 6:00am PST
, it is a friday morning and this is not a game. words from john bain other as we get react on fiscal cliff talks that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the pres
MSNBC
Nov 29, 2012 10:00am PST
discussion of the fiscal cliff, given that is what lawmakers are talking about now. mitt romney just arrived here. we're not expecting anything huge to come out of this meeting. no appointment. for example, to the cabinet. but the president certainly, i think, hoping to engage in a serious conversation. this, as you point out, will be just the seventh time that these two have sat down after what was really a bruising fight during the election. this is really about sort of striking a tone of bipartisanship, helping these two former rivals to bury the hatchet but helping, i think the country to move forward, especially as we get closer to that fiscal cliff deadline. >> and ruth is here at the table. one of the issues could be the sort of backdrop the post-election comment by all sides not only mitt romney but also by stewart stevenson, op-ed his adviser. there was a time not long ago when the problems of the democratic party revolved arounding too liberal and dependent on minorities. obama turned those problems in advantages and rode that strategy to victory but he was a charismatic african-am
FOX News
Dec 6, 2012 8:00am PST
carolina three years ago. jenna: we've been talking about the fiscal cliff and the clock is ticking down until the deadline for that amid all the efforts to hammer out a deal on capitol hill. while some warn of the damagers going over a cliff the man known as one of the greatest 20th century advocates for a free market economy may have had a different take. his name was milton freidman, and his greatest concern was really just government, and too much of it. here he is in a clip from the 2006 documentary "1%." >> in the end we'd end up worse off. it would do harm not good. people don't pay those high taxes, they find ways of getting around it. you're never going to be able to stop them from finding ways to get around it. jenna: talking a little bit about taxes there. my next guest has written extensively about milton freidman. we wanted to ask him, what would milton do, one of the greatest economists. nobel peace prize winning economist. we have the author of the inch dense pensable milton freidman. what would he think about all of this. >> great to be with you. i'm sure if milton freidm
CNN
Nov 30, 2012 1:00pm PST
. if the fiscal cliff hits and nothing changes. as you go and look at the first group of folks here, talk about people who make very little money, up to $20,000 or $20,000 to $40,000. this yellow part represents the current amount of taxes folks are paying out there. if the fiscal cliff hits and nothing changes, this group would pay about $400 more. this group down here would pay about $1,200 more. that doesn't seem like a whether or not he will lot of money, but against that kind of income it's pretty big. move to the next category. if you go to $40,000 to $64,000 in income or $64,000 to $108,000, you see the green area's much bigger. that's because there are a lot of taxpayers like this. and they're paying a fairly sizable amount. but if they're out there and the fiscal cliff goes all the way through and nothing stops it, look what's going to happen. almost $2,000 more for this group. that's what you would have to pay if you're in that group. and look down here at the other one down here, $64,000 to $108,000, $3,500 more on that. and as you move up it gets even more so. go to this group, peop
Current
Dec 5, 2012 9:00am PST
with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers u
FOX News
Dec 4, 2012 8:00am PST
will join us live to talk about the fiscal cliff negotiations. >>> a nightmare story straight from the subway tracks. a man pushed in front of a train. we'll have details from new york city. the second hour of "happening now" starts right now. jenna: former president george w. bush stepping into the spotlight to talk about two big topics in our country today, the economy of course and immigration. we welcome you to a second hour of "happening now." we're glad you're with us. i'm jenna lee. jon: i'm jon scott. a conference in dallas on economic immigration and growth. it highlights a story of immigrants making impact on the economy. president bush opening the event advocating for immigration reform to get the economy growing at a healthy rate. >> immigrants come with new skills and new ideas. they fill a critical gap in our labor market. they work hard for a chance for a better life. jon: our casey stiegel is keeping an eye on all of this live from dallas. >> reporter: jon, you're a pilot so i know you remember the jet age. we're talking about a point in american history in the '50s
MSNBC
Dec 5, 2012 3:00am PST
at quarterback. sorry, i've just got to say it. so let's talk about the fiscal cliff. >> you don't want to stick on it? >> you want to stick on this? the thing about josh hamilton is, in the 162nd game of the year. >> yeah. >> he basically let a pop fly fall in front of him. >> yeah. >> no effort. >> the irony, of course, is that he probably has the sweetest swing and the most pure talent in baseball. and when he's on, there's no one better. i think he had a four-home run game where every ball was a line drive. it was right on the peg of the bat. if he put it all together, he would have been sitting pretty right now. >> he would have. so fiscal warnings yet to faze wall street. steve rattner, this is a good one to talk to you about with congress and the president seeming to be further and further apart. we're starting to hear well, maybe we can survive the fiscal cliff for a little while. what's going on? >> no, i don't think wall street is saying we can survive fiscal cliff. they're saying i'm not sure we're going over the fiscal cliff. right after the election wall street dropped 5% when every
CNN
Nov 30, 2012 6:00am PST
his brain, unquote. >>> when those talks over the fiscal cliff seem to be heading towards a stalemate but do the capitol hill theatrics tell the whole story? here's thousand politico summed it up, listen to top democrats and republicans talk on camera and it sounds like they could not be further apart. but behind the scenes top officials who have been involved in the talks for many months say the contours of the deal are starting to take shape. well, joining me are jason johnson a political professor, t and a republican strategist ron bonjene, ron, let's start with you, both sides know they'll have to make a deal. one congressman says to get it there has to look like this was fighting this way it's kind of like managing the public's expectati expectations, oh, we didn't give anything, oh, we didn't either. is this rhetoric all just for the show of it? >> part of it is and part of it isn't. part of it is, you know, both sides have to stake out their territory, in any negotiation, you know, you have to show what you want, most of what you want first and then you start really negotiating
FOX News
Dec 6, 2012 10:00am PST
for digging into this stuff. we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the thing that makes people upset, julie. all right, if you're going to increase my taxes to help pay down the debt, help people in need, that's one thing, but if i'm going to be paying for zombies or for santa to ride the $250,000 sleigh, i object. >> i'm a little embarrassed. can you imagine being an employee and having to pretended to be a zombie? >> those were actors. >> i don't know about that. [laughter] i think they may have been dhs employees dressed up. charles is right, thanksgiving a little ri -- this is a little ridiculous. i understand what they're trying
MSNBC
Dec 6, 2012 3:00am PST
. >> the whole thing about investing-- and obviously everybody's paying attention to the fiscal cliff. businesspeople i've talked to at this point are saying, listen, closing loopholes, raising rates, we don't care because if there is damage done there, it's much less than not reaching a deal. so reach a deal first. we don't even care anymore about this stuff, just get it done. but in terms of investing these days, you know, it's tough out there, of course. the idea is to be a contrarian, to think different. that's the only way, really, to get ahead over the long run. we have a story about jack bogel who has a company called vanguard, now $2.2 trillion colossus that he's built up by having low-cost index funds which people can't get their brains wrapped ar eped around, a really good strategy. we have a story about apple which is kind of the stock of our time. >> we asked the question, can you continue to be obsessed with apple stock? >> yes, i think you can. what's interesting about apple, and it's, again, sort of a contrarian position. a lot of people think the stock is really expens
CNN
Nov 29, 2012 11:00am PST
of u.s. homeowners could get a financial hit if the fiscal cliff negotiations tweak a popular tax break. if the negotiators do that, the mortgage interest deduction could be on the table at those talks. christine romans has more now. >> reporter: don, the middle class's most cherished tax break could be in the cross hairs of negotiations. government spending on this will reach $100 billion by 2014 making it the third largest tax break on the books. who does it help? 41 million people. the most recent irs data shows 41 million people claimed this deduction on their 2010 tax returns. the tax return policy center says it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000, their savings about $91. or $5,500. this benefits people most on both coasts and cities like chicago with higher property prices. watching the fiscal cliff negotiations closely for what could happen next to the tax goody next year. don? >> christine, thank you very much. >>> okay. the fiscal cliff, you have heard vague warnings. let's get specific about it. your child
CNN
Dec 5, 2012 1:00pm PST
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Search Results 0 to 19 of about 20 (some duplicates have been removed)